Slovenian Economic Mirror


Slovenian Economic Mirror

Slovenian Economic Mirror 1/2022

In Slovenia, most economic indicators suggest that the relatively favourable trends in the export-oriented part of the economy and in domestic consumption continued in the last quarter of last year; the worsening of the epidemic situation has had a particular impact on confidence indicators in service activities. Due to the low base in 2020, activity in most sectors was significantly higher year-on-year at the beginning of the last quarter and was above pre-epidemic levels. Tourism-related activities and construction in particular still lag well behind these levels. Uncertainty related to the deterioration in the epidemiological situation affected overall confidence in the economy, especially at the beginning of the last quarter, and in the services sector until the end of the year. Labour market conditions remain favourable; employment is at historically high levels and unemployment continues to decline. Inflation increased further in December, mainly due to year-on-year higher energy prices. As a result of high commodity and energy prices on world markets and supply chain problems, prices for non-energy durable and non-durable industrial goods and food also increased.